Washington: The Group of 20 nations on Friday stood ready to commit at least $400 billion to bulk up the International Monetary Fund, though Brazil wants to tie the cash to a pledge that emerging market voting power at the IMF will increase. The IMF has been aiming to raise at least $ 400 billion - a doubling of its lending capacity - to ensure it has enough firepower to...
09:14 PM, Apr 20, 2012
Moscow: Russian President Dmitry Medvedev on Friday said that his country will significantly boost the supplies of Liquefied Natural Gas (LNG) to energy hungry India beginning from 2016. Addressing the CEOs forum of the top companies of the two countries, Prime Minister Manmohan Singh said that Indian companies were interested in oil and gas projects in Russia. India's gas consumption is projected to increase 70 per cent by 2020. Mentioning...
12:52 AM, Dec 17, 2011
New Delhi: Prime Minister Manmohan Singh on Thursday left for a three-day visit to Russia during which he will work on further expanding bilateral cooperation and consolidating coordination on regional and global issues. Noting that there is enormous mutual goodwill in the two countries for each other, Singh said he is "convinced that India-Russia consultation on global issues is more necessary today than ever before". "Both countries recognise the significant...
01:11 AM, Dec 16, 2011
Brussels: German and French officials have discussed plans for a radical overhaul of the European Union that would involve establishing a more integrated and potentially smaller euro zone, EU sources say. French President Nicolas Sarkozy gave some flavour of his thinking during an address to students in the eastern French city of Strasbourg on Tuesday, when he said a two-speed Europe, the euro zone moving ahead more rapidly than all...
02:02 AM, Nov 10, 2011
New Delhi: Prime Minister Manmohan Singh returned home on Saturday after attending the crucial two-day G-20 summit in Cannes, which asked tax havens to adopt prudential norms for sharing of information to check money laundering and terror funding. Singh concluded his visit to the French coastal resort on Friday, where heads of 20 most influential economies deliberated for two days in the midst of worsening European crisis triggered by the...
08:35 AM, Nov 05, 2011
New Delhi: The Prime Minister Manmohan Singh remained firm on on fuel price hike and favoured more deregulation of prices, even as Trinamool Congress MP's threatened to resign. Trinamool Congress chief Mamata Banerjee on Friday virtually threatened to pull out from the UPA government. Speaking at the G20 summit in Cannes, the PM made it clear that that the government should move more and more in the direction of deregulation...
07:13 AM, Nov 05, 2011
New Delhi: Deputy Plannign Commission chief Montek Singh Ahluwalia on Friday said that the events in Greece are very unfortunate and India should make it sure that contagion is minimised. Talking to CNBC TV 18, he said, "The Eurozone in taking a number of initiatives to provide resources to put in fiscal discipline. I think that the G20 are aware of the fact that if markets are made sufficiently aware...
08:43 AM, Nov 04, 2011
Athens: Intense European pressure forced debt-stricken Greece to seek political consensus on a new bailout plan instead of holding a referendum after EU leaders raised the prospect of a Greek exit from the euro to preserve the single currency. Fast-moving events in Athens overshadowed the first day of a summit of the Group of 20 major economies on the French Riviera on Thursday, with anxious world leaders urging Europe to...
08:27 AM, Nov 04, 2011
Cannes: India told the G20 Summit that it has been an active member of the global battle against black money and will soon sign the Convention on Mutual Administrative Assistance in Tax Matters to curb this menace. "Tax evasion and illicit flows are serious problem and over the last two years, in order to check this trend, India has negotiated 19 new double taxation avoidance agreements and 17 new tax...
07:47 AM, Nov 04, 2011
Washington: US President Barack Obama faces the delicate task of pushing European leaders to solve their debt crisis without appearing to lecture them at a summit of world economic powers this week. Obama headed to France on Wednesday to urge Europe to fix the long-running crisis that could send the already weak US economy into another recession. The White House, which says Europe can solve the crisis on its own,...
09:33 AM, Nov 03, 2011
Cannes: Prime Minister Manmohan Singh arrived in Cannes today in this French coastal resort to attend the crucial summit of world's 20 powerful economies (G20), saying difficult decisions are needed swiftly to address the crisis in Eurozone and elsewhere. Government sources said the G20 faces a big test in ensuring that concrete steps are taken for recovery of the global economy. The sources said that no country in the 17-nation...
09:28 AM, Nov 03, 2011
Cannes: The G20 summit kicks off in Cannes on Thursday under the shadow of escalating euro zone worries. World markets have been in turmoil after the Greek Cabinet backed the Prime Minister's call for referendum on EU debt deal. And now the 8 billion euro bailout has been held till that referendum takes place. There is an acknowledgement from the Indian side that this summit is going to be even...
06:44 AM, Nov 03, 2011
Cannes: Prime Minister Manmohan Singh arrived to the picturesque town in French Riviera on Wednesday for the sixth G20 Summit over the next two days with engagements that also include a host of bilateral meetings. According to officials, even though the summit is expected to focus on resolving the Eurozone crisis, the prime minister will have a lot to say in areas such as growth, development, financial regulation, jobs and...
12:30 AM, Nov 03, 2011
New Delhi: Prime Minister Manmohan Singh on Tuesday expected the Summit of world's 20 leading economies (G20) to signal a "strong and coordinated approach" to put the global economy back on track, while addressing medium term structural issues. Singh also underscored the need for swiftly taking the difficult decisions to address the economic challenges in Europe and elsewhere against the backdrop of the sovereign debt crisis in Eurozone. "It is...
11:18 AM, Nov 02, 2011
The summit is expected to be dominated by efforts to resolve the sovereign debt crisis. ...
08:31 AM, Nov 02, 2011
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